As set forth in the amendment, the Board of Directors extended the term of the rights plan until March 28, 2011. The amendment also increased the price that must be paid to exercise a right under the rights plan to $60.00 per right. The remainder of the amendment largely updated or clarified certain provisions of the rights plan.
BancorpSouth is a financial services company with total assets of approximately $9.0 billion, and operates 240 banking, mortgage, investment and insurance locations in Mississippi, Tennessee, Alabama, Arkansas, Louisiana and Texas.
SOURCE: BancorpSouth, Inc.
Contact: L. Nash Allen, Jr. of BancorpSouth, Inc., 662-680-2330